If one can buy it cheap (like 24.60-24.80) there may be a chance of a very modest flip–for 30-50 cents. Beyond a potential modest flip we have no interest in the issue.

NO OTC Grey Market ticker has been posted as of now (4:45 pm central), but we would expect one tomorrow with trading starting Thursday afternoon or Friday. The issue will have a ticker of AMH-H when it hits the NYSE.

I honestly do not get the attraction. In addition to Raymond James, tipranks on etrade has 5 other analysts saying buy on the common stock with an average 15% upside. With these kind of earnings, I do not get it. Schwab which I find to be very cautious says hold. Moodys rating BA1 is just one notch below investment grade. It certainly appears to be well respected by investment community. I do not want this long term. My short term strategy is normally to buy at a discount, hold for a year, and try to flip at par. Generally, I don’t look to flip on price. With this one, if we can get to the range Tim is suggesting, I would flip on price. Tim, the 6.35% series is trading at $25.59. Are you thinking a target about $25.30?